Check Point Software Technologies (NASDAQ:CHKP) Rating Reiterated by Wedbush

Wedbush restated their outperform rating on shares of Check Point Software Technologies (NASDAQ:CHKP) in a research report report published on Friday, Benzinga reports. Wedbush currently has a $185.00 price objective on the technology company’s stock.

A number of other research firms have also recently weighed in on CHKP. William Blair raised shares of Check Point Software Technologies from a market perform rating to an outperform rating in a research note on Wednesday, January 31st. Wells Fargo & Company upped their price objective on Check Point Software Technologies from $132.00 to $162.00 and gave the company an equal weight rating in a research note on Monday, January 29th. Susquehanna raised their target price on Check Point Software Technologies from $190.00 to $200.00 and gave the stock a positive rating in a research report on Wednesday, February 7th. Stifel Nicolaus lowered their price target on Check Point Software Technologies from $170.00 to $165.00 and set a hold rating on the stock in a research report on Friday. Finally, TD Cowen increased their price objective on Check Point Software Technologies from $180.00 to $205.00 and gave the stock an outperform rating in a research note on Monday, March 18th. Thirteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $164.00.

Check Point Software Technologies Trading Down 0.5 %

Shares of CHKP stock opened at $150.46 on Friday. Check Point Software Technologies has a 12 month low of $117.18 and a 12 month high of $168.82. The company has a market capitalization of $18.17 billion, a P/E ratio of 20.90, a P/E/G ratio of 2.45 and a beta of 0.61. The stock has a 50 day moving average of $161.16 and a two-hundred day moving average of $153.25.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Thursday, April 25th. The technology company reported $1.72 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.72. The firm had revenue of $598.80 million for the quarter, compared to the consensus estimate of $595.28 million. Check Point Software Technologies had a net margin of 34.33% and a return on equity of 31.42%. Sell-side analysts predict that Check Point Software Technologies will post 7.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Ariel Investments LLC increased its stake in shares of Check Point Software Technologies by 121.2% in the 3rd quarter. Ariel Investments LLC now owns 1,083,364 shares of the technology company’s stock valued at $144,391,000 after buying an additional 593,623 shares during the period. Morningstar Investment Services LLC acquired a new position in Check Point Software Technologies during the 3rd quarter valued at about $65,522,000. LSV Asset Management boosted its stake in shares of Check Point Software Technologies by 1,535.7% in the 3rd quarter. LSV Asset Management now owns 413,835 shares of the technology company’s stock valued at $55,156,000 after purchasing an additional 388,535 shares during the last quarter. Boston Trust Walden Corp raised its stake in shares of Check Point Software Technologies by 248.8% during the fourth quarter. Boston Trust Walden Corp now owns 306,201 shares of the technology company’s stock worth $46,784,000 after buying an additional 218,403 shares during the last quarter. Finally, Norges Bank acquired a new position in Check Point Software Technologies in the fourth quarter valued at approximately $29,801,000. Institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Company Profile

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a multilevel security architecture, cloud, network, mobile devices, endpoints information, and IOT solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against fifth generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.